Mitsubishi UFJ Trust & Banking Corp Has $22.85 Million Stake in Arch Capital Group Ltd. (NASDAQ:ACGL)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,209 shares of the insurance provider’s stock after selling 26,413 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Arch Capital Group worth $22,852,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in Arch Capital Group by 601.1% in the 4th quarter. SG Americas Securities LLC now owns 141,370 shares of the insurance provider’s stock valued at $10,500,000 after purchasing an additional 121,206 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Arch Capital Group by 28.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 205,698 shares of the insurance provider’s stock valued at $15,277,000 after buying an additional 46,089 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Arch Capital Group by 19.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 89,148 shares of the insurance provider’s stock worth $6,621,000 after acquiring an additional 14,233 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Arch Capital Group by 31.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 201,790 shares of the insurance provider’s stock worth $14,945,000 after acquiring an additional 48,587 shares during the last quarter. Finally, Gladstone Capital Management LLP raised its stake in Arch Capital Group by 52.8% in the 4th quarter. Gladstone Capital Management LLP now owns 1,385,307 shares of the insurance provider’s stock valued at $102,887,000 after acquiring an additional 478,570 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ACGL shares. JMP Securities lifted their price objective on shares of Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Arch Capital Group from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Wells Fargo & Company increased their price target on shares of Arch Capital Group from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Roth Mkm restated a “buy” rating and set a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. Finally, StockNews.com upgraded Arch Capital Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Capital Group currently has an average rating of “Moderate Buy” and an average target price of $102.87.

Arch Capital Group Price Performance

ACGL stock traded down $2.14 during midday trading on Friday, reaching $96.10. The company had a trading volume of 1,029,054 shares, compared to its average volume of 1,486,015. The company has a market capitalization of $36.08 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 1.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.59 and a quick ratio of 0.59. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $103.79. The stock has a 50 day moving average price of $99.85 and a 200-day moving average price of $91.86.

Arch Capital Group (NASDAQ:ACGL) last issued its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. Arch Capital Group had a net margin of 33.65% and a return on equity of 21.85%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 EPS. Equities research analysts expect that Arch Capital Group Ltd. will post 8.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO David Gansberg sold 10,000 shares of Arch Capital Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares in the company, valued at approximately $22,037,302.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.